Kerry D'Ambroise Acquires Multifamily Property On Melrose St In Boston
25 Melrose St
$2,000,000
$800/SF
Building Size
2,500 SF
Asset Type
MultiFamily
Closing
Mar 30, 2023
AI
The multifamily property located at 25 Melrose St in Boston, MA was recently sold for a price of $2,000,000. The property spans approximately 2,500 square feet, resulting in a price per square foot of $800.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Square Footage: 2,500
- Price per Square Foot: $800
- Address: 25 Melrose St, Boston, MA
- Market: Boston, MA
Kerry D'Ambroise from Columbus and Over Group, LLC represented the buyer in this transaction. William Senne from Senne acted as the seller's representative. These key individuals played a crucial role in executing the deal.
Players
Yarraman MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93